‘FDI Technique’: Karachi positioned seventh in international survey

KARACHI: Karachi has secured seventh place within the best 15 Asia-Pacific Towns of the Long term survey beneath the FDI Technique class for 2017-18, an improbable build up from its 14th place in 2015-16.

The findings are a part of a survey, ‘fDi’s Asia-Pacific Towns of the longer term 2017-18’, carried out via the fDi Intelligence department of the Monetary Occasions to decide financial potentialities of the towns within the area.

The FDI Technique class of the survey is the one qualitative class, and does no longer feed into the entire consequence. That is the 6th class for which there have been 15 submissions. Within the earlier scores, FDI Technique were integrated within the general rating.

In keeping with the survey, Perth, Australia, secured the primary place within the FDI Technique record whilst Brisbane, Australia, and Hong Kong got here on 2d and 3rd place respectively. Different towns within the record come with Auckland, New Zealand, (4th place), Wuxi, China, (fifth), Melbourne, Australia, (sixth), Yokohama, Japan, (eighth), Newcastle, Australia, (ninth) and Osaka, Japan, (10th).

“Because of painstaking efforts and robust resolution, we now have been ranked 7th on the subject of FDI Technique,” mentioned KCCI President Muffasar Atta Malik.

He mentioned that the Karachi Chamber first participated in fDi Intelligence survey remaining 12 months via offering precious inputs about Karachi. In consequence, our town controlled to safe the 14th place within the best 15 Asia-Pacific Towns of the Long term 2015-16 – FDI Technique, which has a great deal stepped forward this 12 months.

Malik mentioned that Karachi has left in the back of many outstanding towns all over the world together with Yokohama (Japan), Newcastle (Australia) and Osaka (Japan) who’re ranked eighth, ninth and 10th, respectively within the Best 10 FDI Technique Asia-Pacific towns of the longer term 2017-18.

Karachi has additionally been ranked 4th on the subject of value effectiveness within the record of Best five Asia-Pacific Mega Towns of the longer term 2017-18 via the fDi Intelligence. Lahore additionally made it to the record and secured the fifth place.

Appreciation his R&D division for offering credible enter to fDi Intelligence, which has helped in diluting many misconceptions about Karachi, the president mentioned that it used to be for sure a notable success for the town.

“KCCI has been suffering onerous for the previous a few years to advertise the certain symbol of Karachi and spotlight it as the precise vacation spot for overseas funding.”

He mentioned that he’s somewhat positive that Karachi will be capable to safe even upper ranks in long run as the town has received additional trade momentum.

General Best 10 Asia-Pacific Towns of the Long term 2017-18

Within the general rating, Singapore as soon as once more took fDi’s crown as Asia-Pacific town of the Long term, whilst Tokyo retained its 2d position and Hong Kong rose to 3rd place. Then again, Seoul were given 4th place, Shanghai fifth, Taipei sixth, Beijing seventh, Sydney eighth, Osaka ninth, and Kuala Lumpur got here in at 10th place.

To create a shortlist for fDi’s Asia-Pacific Towns of the Long term 2017-18, the fDi Intelligence accrued information the use of specialist on-line equipment fDi Markets and fDi Benchmark. In general, 163 places have been analysed for the find out about.